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. michelle kosinski, nbc news, pretoria, south africa. >>> former congressman jesse jackson jr. was for years considered a rising bright light among democrats in congress with a famous family name. but today he and his wife were in tears in a federal courtroom, pleading guilty to serious crimes involving campaign money. both of them now face possible prison time. our report from our justice correspondent, pete williams. >> reporter: for jesse jackson jr., the walk into the courthouse was the end of a slow-motion fall from grace. he told a federal judge, for years i have lived off my campaign. admitting that he took money received in political contributions and used it to make more than 3,000 separate purchases for himself and his wife over the past seven years. a $43,000 gold watch. $19,000 for one of michael jackson's guitars. $16,000 for a pair of elk heads. tens of thousands more in furnishings for their homes in washington and chicago. total value, $750,000. >> jesse jackson jr. had the drive, the ability and the talent to be the voice of a new generation. but he squandered that talent. >
. >>> federal prosecutors today filed campaign finance charges against former chicago congressman jesse jackson jr. and his wife sandi. jackson has admitted to using $750,000 in campaign money to buy personal items, including a rolex watch, mink coats, furniture and even a hat once worn by michael jackson. his wife signed a plea agreement, admitting to filing incorrect joint tax returns. jackson apologized for his actions in a statement today. he faces up to five years in prison. >>> valentine's day is a big one for romance, and getting engaged. but if you got a diamond ring this week and it came from costco, you might have been sold a bill of goods. the jeweler, tiffany & company sued costco yesterday for promoting some engagement rings as tiffany diamonds at a discount. but the jeweler says they have never allowed any of their products to be sold at costco. tiffany is seeking damages. no word yet on whether any happy couples are seeking refunds. we're back in a moment with a blast from the past and a major milestone this weekend. ♪ >>> the nbc television newsreel with paul ally, your commen
Search Results 0 to 4 of about 5 (some duplicates have been removed)

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